Listing Agency: DELAPP PROPERTIES Show Phone

Listed By: MICHELLE M. DELAPP · License #143993 Show Phone

Source: Corcoran

Added: Sep 20 Changed: Oct 1 Last Checked: Oct 4 at 9:53AM

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Investment Insights

Based on property information with market context.

This commercial land parcel at 205 Valley Drive in Lexington, North Carolina, is identified for potential rezoning to support commercial, light industrial, or multifamily use. Lexington City Sewer is located approximately 1,000 to 1,500 feet from the subject site.

Key Highlights

• Potential rezoning for commercial, light industrial, or multifamily use
• Lexington City Sewer approximately 1,000 to 1,500 feet from the site
• Located at 205 Valley Drive in Lexington, NC 27292

Property Analytics

Current Use

Commercial land

Suggested Use

Top Pick Big Box & Wholesale Store Grocery & Convenience Store Building Supply (Bike/Boat/Book/etc) Store Computer & Electronic Repair Veterinary Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

249

Businesses Nearby

Explore this area Business Placement

Demographics for 27292, NC

39,337

Population

18,749

Households

2.1

Avg Household Size

44

Median Age

17%

College-Educated

85%

High-School Grad

144.0 sq mi

ZIP Area

273

Density / Sq Mi

$54,468

Median Household Income

$34,776

Median Earnings

$831

Median Rent

$193,300

Median Home Value

Market

Vacancy Rate% for Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this commercial land located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Commercial land - Land with potential for commercial, light industrial, or multifamily rezoning and nearby city sewer access.

Where is this commercial land located?

The property is located at 205 Valley Drive Lexington, NC.

What is the asking price?

The asking price for this property is $374,500.

What are key features of this property?

This property features: Potential rezoning for commercial, light industrial, or multifamily use; Lexington City Sewer approximately 1,000 to 1,500 feet from the site; Located at 205 Valley Drive in Lexington, NC 27292